The Reserve Bank of India ( RBI) threw a curveball at Non-Bank Financial Companies ( NBFCs ) recently by slapping a Rs 20,000/- limit on cash payouts for gold loans. Aimed at controlling cash flow

The JPMorgan Chase & Co invited applications for the post Financial Analysis - Associate. Qualification Minimum of CA or an MBA in Finance is required with 4 to 7 years of Finance experience, preferably in

The Allahabad bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that a Subcontractor is liable to pay service tax on “Commercial or Industrial Construction Service”. The tribunal found that the

The Allahabad bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) has held that claim for valuation as per Rule 2A of the Service Tax (Determination of Values) Rules, 2006 or

The Kolkata bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) set aside the demand of service tax as Overseas Logistics Service Providers ( OLSPs ) are not providing service as

The Jharkhand High Court has held that any unjust withholding of money or property from another party goes against the fundamental principles of justice, fairness, and good conscience and directed JBVNL to refund Tax Deducted

Indian tax authorities are investigating wealthy individuals ( HNIs ) who invested in Special Purpose Acquisition Companies ( SPACs ), also known as "blank cheque" firms. Sources say at least four individuals have received notices

The Reserve Bank of India ( RBI ), India's central bank, is taking a stricter stance on cash transactions involving Non-Banking Financial Companies (NBFCs). In a recent move, the RBI reportedly directed NBFCs to strictly

The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) granted deductions for notice pay, scrap sales and miscellaneous income under Section 80 IC of the Income Tax Act, 1961 The assessee has

The Madras High Court has issued a directive for the reconsideration of a case concerning the confirmation of tax liability due to a discrepancy between GSTR 3B and GSTR 1 returns. This decision stems from

The Goods and Services Tax Network ( GSTN ) has launched the revamped Goods and Services Tax ( GST ) Portal on 3rd May, 2024. The Goods and Services Tax Network ( GSTN ) had

Early Filing Statistics By April 29, a significant number of taxpayers had already filed their ITRs for FY 2023-24, with over 5.92 lakh returns submitted. Of these, more than 5.38 lakh were verified, and approximately

India's Revenue Secretary, Sanjay Malhotra, is taking the helm in a coordinated effort to tighten the Goods and Services Tax ( GST ) net following a surge in tax collections. This move comes in wake

The section 45 of Prevention of Money Laundering Act (PMLA) 2002  lays down stringent criteria for bail in cases related to money laundering. However, amidst its rigour, the provision also incorporates a crucial exception, especially

The Institute of Chartered Accountant on 29 th April 2024 released the exposure draft of guidance note on reports on audit under Section 12A/10(23C) of Income Tax Act, 1961 for Public Comments. In October, 2023,